In this week’s newsletter, read about how the FTX contagion led to the sale of a collection containing high-ticket nonfungible tokens (NFTs).According to Alexander, helping artists gain an understanding of the space remains a big challenge, as people are naturally hesitant to get into a nascent industry that is evolving rapidly.However, the new update did not apply to already existing collections.Following the pushback, the NFT platform decided to finally enforce royalties on all collections.This allows users to use their NFTs in apps like Twitter, where only layer-1 NFTs were previously recognized.
Source: Cointelegraph
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